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Samsung expands Vietnam factory to increase foldables production
Samsung plans to begin the expansion soon, with full operation expected by the end of 2021 or early 2022. It would increase Samsung’s annual foldable production capacity by 47%, from 17mn to 25mn.Read more
India’s manufacturing activity expands, but demand slows: IHS Markit
A survey by analytics firm IHS Markit showed that manufacturing activity increased in August. The pace of growth remained muted due to the pandemic’s impact on demand.Read more
Lenovo expands manufacturing portfolio in India
Lenovo’s local manufacturing caters to 15-20% demand in India. The company plans to increase it to 30-35%. Total revenue for all Lenovo Group businesses in India was $462 million for Q1FY22, up 31.3% YoY.Read more
ABB expands manufacturing capacity for LV motors at Faridabad plant
The expansion will increase plant capacity by more than 20%. The new line will develop energy efficient motors up to 55kW for customers operating in different industrial segments such as F&B, water & wastewater, cement, metals and mining, HVAC, textiles, rubber, etc.Read more
Motwane acquires Telemetrics to expand smart test & measurement solutions range
For Motwane, it is a perfect strategic fit that will enhance the company’s product range, spur growth, increase market share, and, as a result, aligns with Motwane’s vision of becoming a key global player in the electrical test & measurement industryRead more
YASKAWA India expands its Ahmedabad facility
The company has expanded its business operations with a new branch office to fuel growth and future opportunities in the Gujarat region.Read more
Enerpac’s new split-flow pump kits expand heavy lifting capabilities
The new split-flow kits allow operators to combine units to accommodate up to 32 individual lifting points, greatly expanding the capabilities of heavy lifting and rental fleets with minimum investment.Read more
Best Power Equipments (BPE) to ramp up its presence in Southern market
This expansion aims to cater to southern India region for increase in demand due to growth in IT enables services across varied sectors.Read more
Government’s CESL ink MoUs to expand EV charging infrastructure
Under these agreements, CESL and the private companies will jointly undertake the expansion and adoption of EV ecosystem.Read more
Piyush Goyal calls for more participants in the Government e-Marketplace
The pilot bidding of railways buyers through integrated system is expected to commence by August end. About Rs 50,000 cr worth of annual procurement may be done by the railways on GeM post the above integration.Read more